What question did this study set out to answer?

The aim is to investigate how SFAS 91 impacts S&Ls' loan transactions and their financial reporting.

The Effects of SFAS No. 91 on S&Ls' Loan Transactions and their Implications for Accounting Research.

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Randomized trial shows changes in loan transaction strategies in S&Ls due to SFAS 91, indicating significant economic implications.

The aim is to investigate how SFAS 91 impacts S&Ls' loan transactions and their financial reporting.
Analyzed data from 193 S&Ls before and after the implementation of SFAS 91.
Examined loan transaction strategies used by S&Ls that did not meet net worth requirements.
Identified the alterations in mortgage loan economics due to SFAS 91.
S&Ls not meeting future net worth requirements adopted strategies to mitigate SFAS 91's impact on income.
Changes in loan transaction strategies potentially affected costs and availability of loans.
The findings highlight the urgent need for further research on SFAS 91's economic effects.

Groomer et al. (1993) studied this question.

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